Square Enix has announced that it is going through layoffs in its Euoprean and UK offices.
The video game company becomes just the latest firm to suffer through dissapointing sales and less revenue than the company can operate on. Electronic Arts has spent a good part of the spring pairing down its staff in various parts of the world.
The cutback in employees doesn’t come as a huge surprise for a firm that had already made it clear they found sales for games like Hitman: Absolution underwhelming.
It seems as though the fact that Tomb Raider followed suit was the last straw for a company that was having problems maintaining its size. The really unfortunate part of this story is that Tomb Raider especially has pretty decent sales numbers.
The problem is that the sales numbers are not quite what the company needed to see in order to call it a success.
Square Enix will now go through a period where they will be looking at what went wrong and how they can fix it. The firm issued a statement in which it said, “We are reviewing our business in Europe to ensure we have the right structure, content and skills for the changing entertainment landscape.”
The company included Sleeping Dogs in the number of games that have undersold projections and that is one of the reason the company is looking at cutting down staff. The real issue is whether or not this is the end of the layoffs.
The firm apparently really wants its North American branch to succeed but making the British chapter suffer because of that might be a problem in the long run. The company says that the European market has accounted for two-thirds of Square’s sales over the past year.
What do you think of Square Enix’s layoffs?